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Oct 10, 2012
10/12
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in massachusetts. here is why. it keeps lopping off 10%, 15%. we need to move -- use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. this is the place where we have giant planes and take big groups and big equipment and have disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in places like the standing army. we
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in...
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Oct 12, 2012
10/12
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get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is a guide who i was talking to a family in massachusetts the other day. their kids of work hid in a car crash. two of them were paralyzed. they went to the same church. mitt asked if he could come over on christmas. he brought his boys and his wife and deaths. i know you are struggling, do not worry about college, i will pay for it. mitt romney does not tell these stories. it was not the cash, he gave his time and he has consistently. this is a man who gave 30% of its income to charity, more of the two of us combined. he is a good man. he cares about 100% of americans in the country. the vice president knows that sometimes the words did not come out of your mouth the right way. [laughter] >> i always say what i mean. >> we want everybody to succeed. we want to get everybody out of poverty. we believe an opportunity. that is what we're go
get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is a guide who i was talking to a family in massachusetts the other day. their kids of work hid in a car crash. two of them were paralyzed. they went to the same church. mitt asked if he could come over on christmas. he brought his boys and his wife and deaths. i know you are...
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Oct 12, 2012
10/12
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we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we cannot estimate speeches. that is what we get, speeches. we are not getting leadership. mitt romney is qualified to fix the problems. his lifetime of experience is, what do we have for a president? he broke his promise to bring people together to solve the biggest problems. i would tell him we do not have to settle for this. >> i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets the congressman has introduced have even serrated all of the things the middle-class has cared about. it will kick 200,000 children off
we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we...
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Oct 14, 2012
10/12
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they talk to robin nation's debt and deficit. let's hear what mitt romney had to say. [video clip] >> the approach is similar to bowles-simpson. bowles-simpson said to lower the rate to make it possible for small businesses to grow, but we will also limit exemptions. they put up different alternatives. i am open to the ideas they put out in bowles-simpson, that kind of approach. host: mitt romney open to bowles-simpson. guest: anytime you have a blue ribbon commission, especially if it is dealing with massive rearrangement of how the government spends money, it will be a tricky sort of thing for a politician before an election. host: is it a dangerous issue when trying to garner tea party support? guest: i think it is savvy on his part. the bowles-simpson commission was a blue panel. president obama called together. they came up with a lot of hard decisions nobody liked. then he dismissed it and went on his way. i think it could be tricky. i think it is savvy in one respect. mitt romney is running on the idea he will make tough decisions, that he is not going to skip o
they talk to robin nation's debt and deficit. let's hear what mitt romney had to say. [video clip] >> the approach is similar to bowles-simpson. bowles-simpson said to lower the rate to make it possible for small businesses to grow, but we will also limit exemptions. they put up different alternatives. i am open to the ideas they put out in bowles-simpson, that kind of approach. host: mitt romney open to bowles-simpson. guest: anytime you have a blue ribbon commission, especially if it is...
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Oct 12, 2012
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we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we cannot estimate speeches. that is what we get, speeches. we are not getting leadership. mitt romney is qualified to fix the problems. his lifetime of experience is, what do we have for a president? he broke his promise to bring people together to solve the biggest problems. i would tell him we do not have to settle for this. >> i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets the congressman has introduced have even serrated all of the things the middle-class has cared about. it will kick 200,000 children off
we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we...
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Oct 6, 2012
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how can he guarantee that and cut the deficit in half as he's promised? >> because we will do what they've not done. if you look at what's happened over the last four years, we have gone from a $5 trillion projected surplus when george bush took office to a $3 trillion projected deficit. they promised they were going to put $2 trillion of the surplus aside for social security. not done. not only that, it's the biggest fiscal turnaround in american history. and there's no end in sight. "the washington post" just reported they have several trillion dollars of additional tax cuts in spending. no suggestion of what they're going to do about it. john kerry and i believe we have a moral responsibility not to leave trillions of dollars of debt to our children and our grandchildren. so, here's what we're going to do, to answer your question, to pay for the things that we believe need to be done. we talk about healthcare and education because we have plans on both those things. what we're going to do is roll back tax cuts -- and i want everyone to hear this becaus
how can he guarantee that and cut the deficit in half as he's promised? >> because we will do what they've not done. if you look at what's happened over the last four years, we have gone from a $5 trillion projected surplus when george bush took office to a $3 trillion projected deficit. they promised they were going to put $2 trillion of the surplus aside for social security. not done. not only that, it's the biggest fiscal turnaround in american history. and there's no end in sight....
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Oct 11, 2012
10/12
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. massachusetts. here is why. it keeps lopping off 10%, 15%. we need to use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. giant planes and take big groups disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in the cuts need to be in places like the standing army. we do not need the same size standing army as we did when we were fighting two wars. what we need to do is we
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. massachusetts. here is why. it keeps lopping off 10%, 15%. we...
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Oct 6, 2012
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when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who need a helping hand in times of fiscal economic crisis are put aside. it is ideological and i think the term "common-sense" is a terrific one to achieve and try to revive that one as you talk to c-span and agitate your committee. host: let's go back to the bus. john, what is your question? >> how is mitt romney going to be able to win independent voters after he alienated them in the primary? guest: i think that debate over night, which you watched as a student of political science and journalism -- he pivoted to some of the positions that he explicitly set aside during the primaries, where he became truly one of the most --
when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who need a helping hand in times...
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Oct 8, 2012
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our national deficit has grown through $16 trillion. the president said he was gone to cut that in half, but it doubled under his watch. very disturbing is that when the president came into office there were 32 million americans on food stamps. today its 47 million. there is still an incredible number of ohioans and americans out there struggling. the choice is clear. we can have four more years like the last of zero four. what america needs is a real recovery. only romney and ryan can provide that. host: when the president took office we were losing 800,000 jobs a month. since the president took office, we have 5.5 million additional jobs. truck about the automobile recovering, he saved the automobile industry and 1/88 jobs in the state are reflective of the auto industry. i worked the railroad 41 years. the guys and women working there, they're happy, jumping up and down because they have employment. one out of eight jobs are connected to the auto industry. not only that, the government at the time, strickland, and the president came
our national deficit has grown through $16 trillion. the president said he was gone to cut that in half, but it doubled under his watch. very disturbing is that when the president came into office there were 32 million americans on food stamps. today its 47 million. there is still an incredible number of ohioans and americans out there struggling. the choice is clear. we can have four more years like the last of zero four. what america needs is a real recovery. only romney and ryan can provide...
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Oct 13, 2012
10/12
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in massachusetts. here is why. it keeps lopping off 10%, 15%. we need to use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. this is the place where we have giant planes and take big groups and big equipment and have disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in places like the standing army. we do not
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in...
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Oct 10, 2012
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some serious deficit reduction. and i think when he looks at the math, if the three choices if, what i've outlined is correct and almost every expert agrees, you can only have two of those. which is the one that even he might go for? i'm not saying he will say that tomorrow. but i don't think he'll be the president so it won't matter. but that's what i think. >> does this put pressure on your colleagues? >> you know, there's no pressure i can put on them. i can propose an idea and see people grasp it. if it helps move things forward, that is my intention and i hope that's what happens. >> i want to double-check in terms of major retirement entitlement reform. one of the big issues is raising the age. are you taking it off the table? >> no, i am not taking anything off the table. i have been personally against raising the age. i continue to be. i have never on any of these issues say i will not support this bill. i don't think raising the age will happen. i think there's a lot of opposition to it. >> you just mention
some serious deficit reduction. and i think when he looks at the math, if the three choices if, what i've outlined is correct and almost every expert agrees, you can only have two of those. which is the one that even he might go for? i'm not saying he will say that tomorrow. but i don't think he'll be the president so it won't matter. but that's what i think. >> does this put pressure on your colleagues? >> you know, there's no pressure i can put on them. i can propose an idea and...
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Oct 14, 2012
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he said by the end of his first term he would cut the deficit in half. >> ohhh! >> yet he still does not put a credible plan on the table had to deal with the debt crisis. >> i'm sorry, this is a bunch of malarkey. >> does that mean? >> its irish. >> no, iris is i smack the dumb luck of your face. host: that was the "saturday night live"skits last night. we all know -- we will now go to seize than radio. >> thank you. today and the network tv talk shows covered topics include the vice-presidential debate, the presidential campaign, the lame- duck congress and the latest attack on the u.s. consulate in libya. c-span will re-air is program starting at noon. among the guests on "meet the press" will be republican governor bob mcdonnell of virginia. at 1:00 p.m., the guests include ohio republican senator rob portman and a delaware attorney general and some of the vice president and martha raddatz of abc news. at 2:00 p.m., it is "fox news sunday." the guests will be david axelrod enron gillespie. "state of the union" as at 3:00. she will have robert gibbs and a seni
he said by the end of his first term he would cut the deficit in half. >> ohhh! >> yet he still does not put a credible plan on the table had to deal with the debt crisis. >> i'm sorry, this is a bunch of malarkey. >> does that mean? >> its irish. >> no, iris is i smack the dumb luck of your face. host: that was the "saturday night live"skits last night. we all know -- we will now go to seize than radio. >> thank you. today and the network tv...
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Oct 9, 2012
10/12
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who knew that he was driving our deficit? we are going after that. he has decided we are going after big bird. elmo is making a run for the border. the governor romney once wall street who run wild, but he is going -- if governor romney wants wall street to run wild, but he is going to bring down the hammer on "sesame street." we cannot afford another round of tax cuts for the wealthy. we cannot afford to roll back regulations on banks and insurance companies. we cannot got our investments on education, clean energy, research, technology. that is not a plan to grow the economy. that is not change. we have been there. we have tried that. we are not going back. we are moving forward. that is why i am running for a second term as president of the united states. [applause] look -- we have got a different view about how you bring jobs and prosperity to america. the strong economy does not trickle down from the top. it grows from a thriving middle- class, and folks working hard to get into the middle-class. i think it is time our tax code stopped rewarding
who knew that he was driving our deficit? we are going after that. he has decided we are going after big bird. elmo is making a run for the border. the governor romney once wall street who run wild, but he is going -- if governor romney wants wall street to run wild, but he is going to bring down the hammer on "sesame street." we cannot afford another round of tax cuts for the wealthy. we cannot afford to roll back regulations on banks and insurance companies. we cannot got our...
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Oct 7, 2012
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to make a deficit neutral. if you actually run the numbers, which we have, if you take away every single tax break high- income people get, they still are better off with a rate reduction of 20%. the rate reduction is worth more to them that all of the deductions they get. if he sticks with the 20% rate reduction, high income people will see their taxes go down. if he will make his plan deficit neutral, he will have to raise taxes somewhere else. host: let's look at details of mitt romney's plan. he is calling for a permanent across-the-board 20% cut in marginal rates. it also maintains current tax rates on interest, dividends, and capital gains. eliminating taxes on adjusted gross income below $200,000. he would eliminate the estate tax and repeal the amt. jump into some of the other mentions for guest: us repealing the alternative minimum tax is something economists would like. it is a parallel tax system. in principle every american has to compute their taxes two ways. they have to pay whichever amount is hi
to make a deficit neutral. if you actually run the numbers, which we have, if you take away every single tax break high- income people get, they still are better off with a rate reduction of 20%. the rate reduction is worth more to them that all of the deductions they get. if he sticks with the 20% rate reduction, high income people will see their taxes go down. if he will make his plan deficit neutral, he will have to raise taxes somewhere else. host: let's look at details of mitt romney's...
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Oct 14, 2012
10/12
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the deficit is my -- my question is about the deficit. would you define in specific dollar goals how much you would reduce the deficit in each of the four years of a clinton administration and then enter into a legally binding contract with the american people that if you did not achieve those goals, that you would not seek a second term? answer yes or no and then comment on your answer, please. >> no, and here's why. and i'll tell you exactly why. because the deficit now has been building up for 12 years. i'll tell you exactly what i think can be done. i think we can bring it down by 50 percent in four years and grow the economy. now, i could get rid of it in four years in theory on the books now, but to do it, you'd have to raise taxes too much and cut benefits too much to people who need them. and it would even make the economy worse. mr. perot will tell you, for example, that the expert he hired to analyze his plan said that it will bring the deficit down in five years, but it will make unemployment bad for four more years. >> mr. pre
the deficit is my -- my question is about the deficit. would you define in specific dollar goals how much you would reduce the deficit in each of the four years of a clinton administration and then enter into a legally binding contract with the american people that if you did not achieve those goals, that you would not seek a second term? answer yes or no and then comment on your answer, please. >> no, and here's why. and i'll tell you exactly why. because the deficit now has been...
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Oct 12, 2012
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we would still have a $300 billion deficit. there are not enough rich people to tax to pay for all of their spending. watch out, middle-class, the tax issues are coming to you. host: joseph is in our jacksonville, florida line, in support of president obama. caller: good morning. i enjoyed the debate. several things caught my eye with vice president biden's. he did a lot of laughing and smirking. some of it was called for and some was not. going back to last week, watching romney tell those untruths, i believe he had to do some of that because the only thing paul ryan was doing was complementing what romney was doing, which was lying. so i believe biden had to interrupt because there were times when things ryan was saying did not make any sense. the 47%, they cannot clarify the that this really has hurt a lot of people by what they have said and they cannot live up to that. then president obama gets in office the first day and the republicans say we will do everything we can to make sure you are one-term president. how can you
we would still have a $300 billion deficit. there are not enough rich people to tax to pay for all of their spending. watch out, middle-class, the tax issues are coming to you. host: joseph is in our jacksonville, florida line, in support of president obama. caller: good morning. i enjoyed the debate. several things caught my eye with vice president biden's. he did a lot of laughing and smirking. some of it was called for and some was not. going back to last week, watching romney tell those...
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and turn this deficit and trade around. that is the sort of thing that michael dukakis and i will do to bring about a better america for older people. >> senator quayle, a minute to respond. >> senator bentsen did not tell you very much about what gov. dukakis will do. donor do catkins, one of the most liberal governors in america. he has raised taxes five times. he just raised taxes last year. that is why i love people refer to him as tax hike mike. that is why they refer to the state of massachusetts as tax achussetts. i don't blame senator bentsen for not talking about michael dukakis. his talking more about his record. i had to blame the federal policies of -- the liberal policies of michael dukakis, i wouldn't do that either. >> you have the to protect the social security trust fund. but you must know that there's something to the argument of your fellow democrat bob strauss that some strain on security growth is needed or to tax social secure benefits as regular income. you spoke for a six-month delay on cost of milk
and turn this deficit and trade around. that is the sort of thing that michael dukakis and i will do to bring about a better america for older people. >> senator quayle, a minute to respond. >> senator bentsen did not tell you very much about what gov. dukakis will do. donor do catkins, one of the most liberal governors in america. he has raised taxes five times. he just raised taxes last year. that is why i love people refer to him as tax hike mike. that is why they refer to the...
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Oct 7, 2012
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adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who goes to college, which means they spend more money. calls for a $5 trillion cut. he is saying he will pay for it deductions. he has been asked how he would deductions. them. when you add up all the loopholes and deductions that all away. you do not come close to paying for $5 trillion. that is why independent studies looking at this said the only way to meet governor romney's deficit or not adding to theclass families. where people at the top are doing well while middle-class families are burdened further, that is not what i believe is a recipe for economic growth. >>
adds to the deficit. deficit. i want to reduce the burden americans. i cannot reduce the burden paid by high-income americans. not accurate. >> let's talk about taxes. it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is what i did. we cut taxes for middle-class families by about $3,600. we do best when the middle class is doing well. they are in a better position to through. they can buy a computer for their kid who...
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Oct 12, 2012
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get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is a guy who -- i was
get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is a guy who -- i was
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian ch
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get...
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Oct 9, 2012
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we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to the extent possible. in figuring out which credits and deductions to eliminate, we must draw a line when it comes to protecting the middle class. we must understand that many of the expenditures in the tax code are not loopholes at all. tax preferences, things like a college education and retirement savings belong in the tax code even after reform happens. they were put in the code on purpose, to make a middle-class lifestyle accessible and sustainable for american families. tax reform recognized this in 1986. even as we cleared out
we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to...
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. >> your also worried about the deficit. clearly america has large and ever-growing deficits. the proposed a tax cut. that is defecit spending. >> this is a two-step deal. everybody knows we need the big deal. we talk about that and 30 seconds. we're not going to get to the big deal by jumping off the bridge. what we're saying is that it is not the right thing to do to have the largest tax increase in the history of america and to have up $1.20 trillion worth of spending cuts that do not even look at medicare and medicaid across the board without thinking through what is the deal is going to be. anybody from either party should come to a realization that the big deal counts. all we need to do is get a small part of an extension. when you talk about these taxes and spending, it cannot be done by 10 people in the back room. it has to be done in normal order. they are the only people that understand what you're in those bills. >> to and if you really think we're going to jump off a fiscal cliff? >> i think it is at least that the tax cut scheduled to expire to expire. maybe sligh
. >> your also worried about the deficit. clearly america has large and ever-growing deficits. the proposed a tax cut. that is defecit spending. >> this is a two-step deal. everybody knows we need the big deal. we talk about that and 30 seconds. we're not going to get to the big deal by jumping off the bridge. what we're saying is that it is not the right thing to do to have the largest tax increase in the history of america and to have up $1.20 trillion worth of spending cuts that...
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but because it was a big price tag and it made the score look bad, make it look like a deficit, that provision was taken out and it's been going on in stand-alone legislation. but ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. and so when you take a look at all this, it just doesn't add up. let's finish with the cost curve. are we bending the cost curve down? or are we bending the cost curve up? if you look at your own sheet act wear in medicare, we're bending it up. ears claiming that we're going up 22 -- $222 billion. adding more to the unsustainable fiscal situation we have. and so, when you take a look at this, it's really deeper than the deficits or the budget gimmicks or the actuaryial analysis. there really is a difference between us. and we've been talking about how much we agree on different issues, but there really is a difference between us. and it's basically this. we don't think the government should be in control of all of this. we want people to be in control. and that at the end of the day is the big di
but because it was a big price tag and it made the score look bad, make it look like a deficit, that provision was taken out and it's been going on in stand-alone legislation. but ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. and so when you take a look at all this, it just doesn't add up. let's finish with the cost curve. are we bending the cost curve down? or are we bending the cost curve up? if you look at your own sheet act...
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Oct 9, 2012
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it's good for the deficit. it's good for the solvency of medicare but it doesn't jeopardize people's care. second thing i would do and some work on this as being done but there's more to do, in medicare and also in the private insurance area, i think an important reform that remains is as a nation, we should be paying for health, not procedures. we pay for procedures and we get some of the best, most expensive and most procedures in the world. but if we pay for health and healthy outcomes, we can actually save money and have healthier seniors and also healthier citizens who are happier and more productive. that's a path to cost reforms. >> mr. allen? >> well, tim criticizes me for supporting medicare part d. i think it's been very beneficial to a lot of seniors who now don't have to choose between heat and food and getting prescription drugs. especially coming under budget because there's competition and there's choice. there's also aspects on health savings accounts i think are very beneficial as well. the wro
it's good for the deficit. it's good for the solvency of medicare but it doesn't jeopardize people's care. second thing i would do and some work on this as being done but there's more to do, in medicare and also in the private insurance area, i think an important reform that remains is as a nation, we should be paying for health, not procedures. we pay for procedures and we get some of the best, most expensive and most procedures in the world. but if we pay for health and healthy outcomes, we...
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it's commentary how unserious this administration takes deficit reduction. as far as helping the poor concerned ma'am, if you've had 8% unemployment for four years, 47 million people on food stamps that's the worst thing you can do for the poor is to have no economic growth and a terrible economy. the way you get the poor off the rolls is to get them a job. this president has done a terrible job in that regard. host: next phone call john republican. caller: he says, there's no reason to build roads in the suburbs when they put it in the cities. guest: sir, i'm not aware of that. you maybe referring to oneqrnsñf the transportation bills that passed. you confess that the funding mechanisms for those projects are very complicated. i'm not sure that i can be much help in your question. host: cleveland, ohio, democratic caller. caller: all you republicans keep saying the obama economic program didn't work. what happened, kennedy died, there was no control of the senate, you republicans filibusterrered 275 bills in 2010. they effectively killed the total obama ec
it's commentary how unserious this administration takes deficit reduction. as far as helping the poor concerned ma'am, if you've had 8% unemployment for four years, 47 million people on food stamps that's the worst thing you can do for the poor is to have no economic growth and a terrible economy. the way you get the poor off the rolls is to get them a job. this president has done a terrible job in that regard. host: next phone call john republican. caller: he says, there's no reason to build...
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it just reduces the deficit. by borrowing less, we have more money available for the private sector. that is a good thing. if they needed it. if there was a shortage of liquidity. ben bernanke has been working on that. that is a different study, too. what i have reported and which has been presented here to some degree is a way to calibrate what the costs and reduced federal spending are. it is not complete. the more recent study which looked at federal spending that he affects payroll as well as procurement, and not just military equipment, as bennett cited, but across all discretionary categories, would it cost $215 billion in lost gdp activity. that is 2/3 of what is projected to grow. if the economy grows at current projections, up to 2% next year, this would represent, to give it a reference point, 2/3 of gdp. at $110 billion, labor can come -- labour income, to understand what is tied to that spending, the analyses that i undertook put some jobs to that, 2.1 million jobs across all sectors of the economy. r
it just reduces the deficit. by borrowing less, we have more money available for the private sector. that is a good thing. if they needed it. if there was a shortage of liquidity. ben bernanke has been working on that. that is a different study, too. what i have reported and which has been presented here to some degree is a way to calibrate what the costs and reduced federal spending are. it is not complete. the more recent study which looked at federal spending that he affects payroll as well...
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it does not pay for 10% of the deficit spending increases. lower tax rates across the board and close loopholes. we have three bottom lines. do not raise the deficit, do not raise taxes on the middle class, do not lower the share that is borne by the high income earners. it has been discredited by six other studies and even their own deputy campaign manager acknowledged that it was not correct. >> let's talk about this. you have refused to offer specifics on how you would pay for that 20% across the board. do you actually have the specifics or are you still working on it? >> different than this administration, we want to have a big bipartisan agreement. >> do you have the specifics? >> look at what ronald reagan and tip o'neill did. we raise about $1.20 trillion through income taxes. we forgo about $1.10 trillion in loopholes and deductions. deny those loopholes and deductions to higher income tax payers. so we can lower tax rates across the board. >> i hope i am going to get time to respond. >> we want to work with congress on how best to ac
it does not pay for 10% of the deficit spending increases. lower tax rates across the board and close loopholes. we have three bottom lines. do not raise the deficit, do not raise taxes on the middle class, do not lower the share that is borne by the high income earners. it has been discredited by six other studies and even their own deputy campaign manager acknowledged that it was not correct. >> let's talk about this. you have refused to offer specifics on how you would pay for that 20%...
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we're talking about problem in the debt and deficit. the fiscal cliff comes at the first of the year. there is no doubt that if we don't work together, we are dead in the water. mike, there have been plenty of proposals out there that make sense for this country. big broad based proposals. talked about many of them. they're the simpson-bowls and the list goes on. all sorts of gangs. the bottom line is those templates can be put together. it has to have everything in it, everything has to be addressed. people need to work together. i think there's critical minds in senate to get it done. when we talk about sequestration and the fiscal year, that was imposed on us a bipartisan way to get it done. we have to work together. it is easily fixed. like i said in the beginning, it's what montana do naturally. in washington d.c., we need to learn from montana. >> thank you representative rehberg, one minute. >> first thing we need to do is repeal obamacare. that will be the first action that we need to work on a bipartisan solution to the farm bi
we're talking about problem in the debt and deficit. the fiscal cliff comes at the first of the year. there is no doubt that if we don't work together, we are dead in the water. mike, there have been plenty of proposals out there that make sense for this country. big broad based proposals. talked about many of them. they're the simpson-bowls and the list goes on. all sorts of gangs. the bottom line is those templates can be put together. it has to have everything in it, everything has to be...
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the issues facing the campaign of the war-peace issues, the problems of deficits, trade deficits, we are facing a $120 billion trade deficit in this country. we are facing problems with the environment. and in what we will be doing over the next several weeks, and i'm absolutely delighted the league is sponsoring these debates and we are able to speak to the american public and address the issues in a way such as this and i think you're going to see a change. >> vice-president bush, you have one minute for a bottle. >> i was glad to get that vote of confidence from mrs. ferraro on my economic judgment. let me make a statement on the economy. the other day, she was in eggplant and she said to the workers why are you all voting for the reagan-bush ticket? and there was a long, deathly silence. and she says we delivered. that's the problem. not blaming her, except for the liberal voting record in the house, they delivered. they delivered 21.5% interest rates. they delivered what they called malaise. they delivered interest rates that are off the charts. they delivered to come pace, chec
the issues facing the campaign of the war-peace issues, the problems of deficits, trade deficits, we are facing a $120 billion trade deficit in this country. we are facing problems with the environment. and in what we will be doing over the next several weeks, and i'm absolutely delighted the league is sponsoring these debates and we are able to speak to the american public and address the issues in a way such as this and i think you're going to see a change. >> vice-president bush, you...
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he is targeting the deficit. he wants the conversation to get to how much the government is spending and how poorly the economy is doing. the mix should be interesting. i think each candidate will want to push that makes in protect -- in their particular direction host: independent caller, from rockville, maryland. caller: i am probably more of a moderate democrat then i would be considered otherwise. by business owner -- i am a business owner and i am 37-years old. i'm coming to the age where parents seem to be -- where my parents seem to be retiring with medical issues and pensions that seem to be disappearing. we are soon learning the responsibility of our aging parents is falling back on us. in regards to medicare, it will have a grave impact on us. and the economy as a whole. i wonder if this is too sophisticated an issue for the general public to get into. we are seeing how a change to a voucher system could materially impact the ability of the age group between 30-50 and generations below us to sustain an
he is targeting the deficit. he wants the conversation to get to how much the government is spending and how poorly the economy is doing. the mix should be interesting. i think each candidate will want to push that makes in protect -- in their particular direction host: independent caller, from rockville, maryland. caller: i am probably more of a moderate democrat then i would be considered otherwise. by business owner -- i am a business owner and i am 37-years old. i'm coming to the age where...
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the deficit spending has been outrageous under republicans and democrats. but why when thaws with the case why did he spend $90 billion sending money to green companies, contributors of his. we heard what he had to say or not say. i think we boil it down to this. more recently he said, look, you can't change washington from the inside. you have to change washington from the outside. we'll, we're going to give him that chance on november 6. [cheers and applause] now, there were a couple of place where is we agreed. we agreed, for instance, that we would take this country in very different directions. and he points out -- well, actually it was the vice president that blurted out the truth that they're planning on raising the taxes with $2 trillion. actually it's more like $3 trillion. there's no secret that the spending and the interest that they amassed by virtue of their spending and it's going to cause them to raise taxes on the middle-class. i make this commitment to you, under no circumstances will i raise taxes on the middle-class of america. [cheers an
the deficit spending has been outrageous under republicans and democrats. but why when thaws with the case why did he spend $90 billion sending money to green companies, contributors of his. we heard what he had to say or not say. i think we boil it down to this. more recently he said, look, you can't change washington from the inside. you have to change washington from the outside. we'll, we're going to give him that chance on november 6. [cheers and applause] now, there were a couple of place...
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we are ready to have a deficit reduction deal that is big, bold, and balanced. we also understand that in addition to spending cuts you go got to have revenue. hope that moderate republicans will be empowered to negotiate that with us for the good of the country. we have eight minutes left here.x >> congressman, you talked a little bit about that.xxx you know, when we come back and in november and to the capital, all of the congress, all the members of congress including some of the tea party members you hope to defeat this remember will still be here, will still be voting members until at least january, how do you navigate that if democrats are successful in november? >> time in thinking the day after. am focus on how to get into a position where we within the house of representative then we can reach out and cross the aisle and talk to moderate republicans and maybe even to some tea party republicans who have now bee been, have now learned the lesson firsthand as painful it may be that extremism is not a virtue. and maybe we'll be able to talk some sense into
we are ready to have a deficit reduction deal that is big, bold, and balanced. we also understand that in addition to spending cuts you go got to have revenue. hope that moderate republicans will be empowered to negotiate that with us for the good of the country. we have eight minutes left here.x >> congressman, you talked a little bit about that.xxx you know, when we come back and in november and to the capital, all of the congress, all the members of congress including some of the tea...
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i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, $2.3 trillion. >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should raise taxes. i do not think the problem is that americans are not taxed enough. mr. sadler has been very candid that he would consider raising taxes on every single tax and who pays income tax is. >> that is not fair. >> if you would consider allowing all of the bush tax cuts to expire, that would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce the national debt. you have never
i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, $2.3 trillion. >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should...
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the second cost has a $1.7 trillion deficit. the most cynical give a guy in this bill is something we probably all agree on -- we do not think we should cut doctors' 21% next year. we stopped those cuts from occurring every year the last seven years. according to your numbers, this costs $371 billion. it was in the first iteration of all these bills, but because it was a big price tag and made the score look bad, that provision was taken out, and it has been going on in stand-alone legislation. but ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. when you take a look at all of this, it just does not add up. i will finish with the cost curve. are we bending the cost curve down or up? if you look in your own chief actuary at medicare, we are bending it up. he is claiming we are going up $221 billion, adding more to the fiscally unstable situation we have. when you look at this, it is really deeper than deficits or the budget gimmicks or the actuarial analysis. there r
the second cost has a $1.7 trillion deficit. the most cynical give a guy in this bill is something we probably all agree on -- we do not think we should cut doctors' 21% next year. we stopped those cuts from occurring every year the last seven years. according to your numbers, this costs $371 billion. it was in the first iteration of all these bills, but because it was a big price tag and made the score look bad, that provision was taken out, and it has been going on in stand-alone legislation....
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and now we have half-a-trillion-dollar deficit annually. when george bush came into office, our debt, national debt was around $5 trillion. it's now over $10 trillion. we've almost doubled it. and so while it's true that nobody's completely innocent here, we have had over the last eight years the biggest increases in deficit spending and national debt in our history. and senator mccain voted for four out of five of those george bush budgets. so here's what i would do. i'm going to spend some money on the key issues that we've got to work on. you know, you may have seen your health care premiums go up. we've got to reform health care to help you and your budget. we are going to have to deal with energy because we can't keep on borrowing from the chinese and sending money to saudi arabia. we are mortgaging our children's future. we've got to have a different energy plan. we've got to invest in college affordability. so we're going to have to make some investments, but we've also got to make spending cuts. and what i've proposed, you'll hear s
and now we have half-a-trillion-dollar deficit annually. when george bush came into office, our debt, national debt was around $5 trillion. it's now over $10 trillion. we've almost doubled it. and so while it's true that nobody's completely innocent here, we have had over the last eight years the biggest increases in deficit spending and national debt in our history. and senator mccain voted for four out of five of those george bush budgets. so here's what i would do. i'm going to spend some...
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our national deficit has grown through $16 trillion. the president said he was gone to cut that in half, but it doubled under his watch. very disturbing is that when the president came into office there were 32 million americans on food stamps. today its 47 million. there is still an incredible number of ohioans and americans out there struggling. the choice is clear. we can have four more years like the last four. what america needs is a real recovery. only romney and ryan can provide that. host: when the president took office we were losing 800,000 jobs a month. since the president took office, we have 5.5 million additional jobs. truck about the automobile recovering, he saved the automobile industry and 1/88 jobs in the state are reflective of the auto industry. i worked the railroad 41 years. the guys and women working there, they're happy, jumping up and down because they have employment. one out of eight jobs are connected to the auto industry. not only that, the government at the time, strickland, and the president came to and y
our national deficit has grown through $16 trillion. the president said he was gone to cut that in half, but it doubled under his watch. very disturbing is that when the president came into office there were 32 million americans on food stamps. today its 47 million. there is still an incredible number of ohioans and americans out there struggling. the choice is clear. we can have four more years like the last four. what america needs is a real recovery. only romney and ryan can provide that....
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host: what are the most likely components each side would have to give in order to lower our deficit? guest: great question. pretty easy. democrats are going to have to give on entitlements, meaning medicare, social security, and the broader domestic side of spending, such as medicaid. we call these entitlements, but they are really the great society safety net program and the rest of the domestic spending, on everything from school lunches you name it, go up and down the list, all these different activities. on the republican side, it goes back to what an earlier caller spoke about on revenue. the republicans will likely need to give some sort of new revenue, some sort of adjustment of the tax code that produces new revenue. those are the main gives on either side. very hard to get these two sides to compromise on this. host: there's a story this week with this headline -- how much does he want to get accomplished before he leaves? guest: it goes back to the idea that as productive as the gang of eight may be, it does need leadership about them to take whatever products they have and
host: what are the most likely components each side would have to give in order to lower our deficit? guest: great question. pretty easy. democrats are going to have to give on entitlements, meaning medicare, social security, and the broader domestic side of spending, such as medicaid. we call these entitlements, but they are really the great society safety net program and the rest of the domestic spending, on everything from school lunches you name it, go up and down the list, all these...
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when governor daniels stepped into office, there was a deficit. at the same time, there were a variety of tactics like delaying payments. my question to my colleagues on the stage is, how will we avoid the mistakes of the past that allowed indiana to go so deep in red? how do we ensure the next administration produces honestly balanced budgets and preserves the fiscal integrity of the state of indiana. >> we have bipartisan control of government. it is essential. we have a republican house and senate and a democratic governor. i like your idea. i get kind of a kick, the congressmen and i have known each other for years. he is a fine person, but we disagree on many things. there is the candidate and the congressmen. humanist 86% of the votes. -- you missed 86% of the votes. and you would vote governor daniels' name. mitch daniels is a friend of mine, but he shows up to work every day. he is there. you are talking about our financial situation and when you were in congress and in control, president bush was in office, you voted five times to raise t
when governor daniels stepped into office, there was a deficit. at the same time, there were a variety of tactics like delaying payments. my question to my colleagues on the stage is, how will we avoid the mistakes of the past that allowed indiana to go so deep in red? how do we ensure the next administration produces honestly balanced budgets and preserves the fiscal integrity of the state of indiana. >> we have bipartisan control of government. it is essential. we have a republican...
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it is a recipe to balloon the federal deficit at a phenomenal rate. it looks like her items were picked off of a menu of politically attractive items. they were, because they were like -- or picked off a list of items with it from someone else outside the state and you should be honest about the fact that these are not original ideas. these are ideas that have been tried and failed over and over again. -- >> mr. murphy -- >> it has not worked for this economy and it will not work for the future. >> we will have closing arguments at the end of the statement. we would invite you if you could to please keep to the questions. our next question is for mrs. mcmahon. >> let's talk about ways to improve social security. should payroll taxes be raised or should more income be applied to the payroll tax rate to improve social security? bill >> let me address again that congressman murphy has not been honest about my position on social security. let me be clear. i will support no budget that will reduce our benefits for social security or medicare. >> the questi
it is a recipe to balloon the federal deficit at a phenomenal rate. it looks like her items were picked off of a menu of politically attractive items. they were, because they were like -- or picked off a list of items with it from someone else outside the state and you should be honest about the fact that these are not original ideas. these are ideas that have been tried and failed over and over again. -- >> mr. murphy -- >> it has not worked for this economy and it will not work...
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clearly america has large and ever-growing deficits. the proposed a tax cut. >> this is a two-step deal. everybody knows we need the big deal. we talk about that and 30 seconds. we're not going to get to the big deal by jumping off the bridge. what we're saying is that it is not the right thing to do to have the largest tax increase in the history of america and to have up $1.20 trillion worth of spending cuts that do not even look at medicare and medicaid across the board without thinking through what is the deal is going to be. anybody from either party should come to a realization that the big deal counts. all we need to do is get a small part of an extension. when you talk about these taxes and spending, it cannot be done by 10 people in the back room. it has to be done in normal order. they are the only people that understand what you're in those bills. >> to and if you really think we're going to jump off a fiscal cliff? >> i think it is at least that the tax cut scheduled to expire to expire. maybe slightly higher. >> you have me
clearly america has large and ever-growing deficits. the proposed a tax cut. >> this is a two-step deal. everybody knows we need the big deal. we talk about that and 30 seconds. we're not going to get to the big deal by jumping off the bridge. what we're saying is that it is not the right thing to do to have the largest tax increase in the history of america and to have up $1.20 trillion worth of spending cuts that do not even look at medicare and medicaid across the board without...
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we have gone from the biggest deficits eight years ago to the biggest surpluses in history today. instead of high unemployment, we now have the lowest african- american unemployment, the lowest latino unemployment ever measured. 22 million new jobs, very low unemployment nationally. instead of ballooning the debt and multiplying it four times over, we have seen the debt actually begun to be paid down. here are some promises that i'll make to you now. i will balance the budget every year. i will pay down the debt every year. i will give middle-class americans tax cuts, meaningful ones. and i will invest in education, health care, protecting the environment and retirement security. we both made promises in this campaign. i promise you i will keep mine. let me tell you about one of the governor's. he has promised a trillion dollars out of the social security trust fund for young working adults to invest and save on their own. but he's promised seniors that their social security benefits will not be cut, and he's promised the same trillion dollars to them. and embrace the highest comm
we have gone from the biggest deficits eight years ago to the biggest surpluses in history today. instead of high unemployment, we now have the lowest african- american unemployment, the lowest latino unemployment ever measured. 22 million new jobs, very low unemployment nationally. instead of ballooning the debt and multiplying it four times over, we have seen the debt actually begun to be paid down. here are some promises that i'll make to you now. i will balance the budget every year. i will...